If this amendment had been effective for the tax years of Insurer in Northumberland, the excise tax would not have applied to the reinsurance premiums paid to Insurer, and consequently, the application of the excise tax to the reinsurance premiums retroceded to Reinsurer would not have resulted in a cascading effect.

retroceded a portfolio of business to Berkshire Hathaway; and a stop loss agreement extended by Swiss Reinsurance Company Ltd which limited Berkshire Hathaway's exposure in the overall transaction to USD 1.

STI, a software product company, offers SurSITE(R), a reinsurance processing system that helps an insurance or reinsurance organization to facilitate and support critical reinsurance back-office business processes and efficiently manage complex reinsurance contract combinations throughout the entire reinsurance contract workflow, from assumed and ceded to retroceded business.

2) Unearned premiums and prepaid reinsurance premiums were increased to reflect the change in premium earning methodology under FAS 163 along with the net present value of installment premiums, on assumed and retroceded policies respectively.

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